WASHINGTON GATEWAY APARTMENT LAND
Land | 9.44 acres
Marketing description
Prime 8.3-acre multifamily development site located at Washington Parkway & Buena Vista Blvd in Washington, Utah, offering direct I-15 access via Exit 13 and unmatched freeway visibility. Zoned for high-density multifamily, the site supports approximately 196 units (~24 units per acre) with no additional entitlements required—only final site plan and building permits remain. The property is shovel-ready with utilities stubbed to the lot line and is positioned within the Washington Gateway master-planned community, surrounded by retail, hospitality, and commercial phases. Washington County is one of the fastest-growing regions in Utah, with a population increase of nearly 43% since 2010 and annual growth averaging 2.7%. New projects in the immediate area are achieving $1.50–$1.99 PSF rents with strong lease-up velocity at 95%+ occupancy. At an asking price of $9,300,000 ($47,449 per unit), this site offers investors a rare chance to capture demand in one of Southern Utah’s most dynamic markets.
Investment highlights
8.3-acre multifamily development site – Zoned for high-density residential with capacity for approximately 196 units (~24 units per acre).
Shovel-ready with utilities in place – All major infrastructure stubbed to the property line; only final site plan and building permits remain.
Prime location within Washington Gateway – Direct I-15 access and freeway visibility, surrounded by new retail, hospitality, and commercial phases.
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